Gainers & Losers: Top 10 stocks that moved the most on June 3

Benchmark indices Nifty and Sensex extended their losing streak for a third straight session on June 3, weighed down by weakness in auto, banking, and IT stocks. However, gains in metal stocks and steady resilience in the smallcap index helped cushion the decline and prevent a steeper fall. At close, the Sensex was down 636.24 points or 0.78 percent at 80,737.51, and the Nifty was down 174.10 points or 0.70 percent at 24,542.50. About 1,701 shares advanced, 2,148 shares declined, and 134 shares remained unchanged.

Ola Electric Mobility | CMP Rs 49 | Pure-play EV two-wheeler Ola Electric Mobility Ltd shares sank over eight percent after a large block deal involving shares worth Rs 731 crore took place. Around 14.22 crore shares, which amount to 3.23 percent equity, exchanged hands at Rs 51.4 per share. This implies a discount from the previous session's closing price of Rs 53.68 apiece. According to sources, Hyundai Motor India may be the likely seller in the Ola Electric block deal.

Zinka Logistics | CMP Rs 444 | Shares of Zinka Logistics Solutions staged a sharp rebound on Tuesday, June 3, erasing early losses of over 4 percent to trade nearly 2 percent higher in today's session. The recovery came after a hefty block deal worth Rs 692 crore, in which nearly 9.22 percent of the company’s equity, or around 1.63 crore shares, changed hands at Rs 423 apiece.

Swiggy | CMP Rs 333 | Swiggy shares pared all gains to end flat even as Morgan Stanley initiated coverage with an "overweight" rating on Tuesday, assigning a price target of Rs 405—about 22 percent higher than Monday’s closing price and slightly above its IPO price of Rs 390 per share. The brokerage’s bullish view is driven by three key factors: Swiggy’s improving execution in its core food delivery business, the growing total addressable market (TAM) in quick commerce, and the company’s aggressive investment strategy.

Eternal | CMP Rs 238 | Eternal or Zomato fell nearly 2 percent even as Morgan Stanley reiterated the stock as its top pick, citing strong leadership in food delivery and quick commerce, robust unit economics, and a healthy balance sheet. The brokerage raised its forecast for India’s quick commerce market, projecting a $57 billion TAM by 2030, up from $42 billion earlier, driven by rapid customer and city additions. Improved margin outlook for food delivery also supported sentiment, lifting investor confidence in the stock. The price target is Rs 320, reflecting an upside potential of 32 percent from the last closing price.

Aptus Value Housing Finance | CMP Rs 307 | Shares of the company sank 9 percent in the early session on Tuesday, June 3, as a block deal involving 3.71 crore shares took place on the bourses. According to CNBC-TV18, the private equity firm Westridge Investments was looking to divest a 9.8 percent stake in the firm. Aptus posted a 26 percent year-on-year rise in net profit for the March quarter.

Adani Companies | Shares of Adani Group firms fell between 1 percent and 2.5 percent on June 3, a day after the Wall Street Journal reported that US prosecutors were investigating whether Adani group companies imported Iranian LPG into India through their Mundra port in Gujarat. An Adani spokesperson called the report "baseless and mischievous" in a statement, adding: "We are not aware of any investigation by US authorities on this subject."

Yes Bank | CMP Rs 21 | The shares of the lender tumbled over 10 percent on June 3 after a large block deal involving 3 percent equity stake in the company reportedly took place.  Nearly 9.4 percent shares, representing 3 percent stake in the Bank, exchanged hands in a large block deal at an average price of Rs 21.5 per share, CNBC-TV18 reported. This takes the total value of the transaction to Rs 2,022 crore. The report added that a leading private equity firm was likely the seller in the transaction. Moneycontrol couldn't independently verify the report.

Defence Stocks | Rising geopolitical tensions across the globe are likely fueling optimism around increased defence spending, driving up defence stocks. The heightened uncertainty may serve as a trigger for renewed interest in the sector. The war between Russia and Ukraine has seen severe escalations recently, after a brief period of calm over hopes of a possible deal. Russia on May 31 launched 472 drones and seven missiles at Ukraine, marking the largest drone assault since the war's inception. Ukraine's air defences allegedly intercepted 385 drones.

Indoco Remedies | CMP Rs 279 | The share price rose as much as 8 percent after the company announced that it has secured final approval of Allopurinol Tablets USP, 200 mg through Company’s Abbreviated New Drug Application (ANDA) for Allopurinol Tablets USP to market a generic equivalent to the reference listed drug (RLD), Zyloprim 200 mg of Casper Pharma LLC from USFDA. Allopurinol is used to prevent or lower high uric acid levels in the blood. It is also used to prevent or lower excess uric acid levels caused by cancer medicines or in patients with kidney stones.

Sansera Engineering | CMP Rs 1,366 | Shares rose 2 percent after the company announced it has signed a Rs 160 crore contract with Airbus Defence and Space to supply airborne intensive care transport modules (ICTM) for light and medium transport aircraft. This marks the first time Airbus has chosen an Indian supplier for these critical medevac systems. Under the agreement, Sansera will be responsible for precision machining and structural assembly of the modules.